Bitcoin may be forming a base at $65,000 as 'paper hands' have been flushed out
Market / Price
Bitcoin appears to be establishing a support level around the $65,000 mark, as many short-term investors, often referred to as "paper hands" for their tendency to sell off quickly during market fluctuations, have been removed from the market. This suggests that the cryptocurrency may be entering a more stable phase, potentially attracting stronger hands—investors who are more resilient to price volatility and willing to hold their investments for the long term. As a result, the current price point could indicate a foundation from which Bitcoin might experience upward momentum in the future.
BTC
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